Harvard Paid Endowment Chief Narvekar $6.24 Million in 2020

N.P. “Narv” Narvekar, the head of Harvard University’s endowment, was paid $6.24 million in 2020, little-changed from the year before.

Narvekar received about $1 million in base salary, according to the school’s federal tax filing. He had about another $5.2 million in deferred compensation, Harvard said.

Since taking over in December 2016, Narvekar has revamped the endowment -- which at $53 billion is the largest in US higher education -- by unloading underperforming assets. He also changed the investment team’s compensation, tying it to long-term returns and overall portfolio returns.

The endowment’s performance has recently lagged behind peers. ...